United Bankshares, Inc. (NASDAQ:UBSI) Stock Has Consensus Target Price of $47.80 According to Analysts

United Bankshares, Inc. (NASDAQ:UBSI) has received a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $47.80.

Several research analysts have commented on UBSI shares. Wall Street Zen upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Keefe, Bruyette & Woods upped their price target on United Bankshares from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Raymond James Financial upped their price target on United Bankshares from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Hovde Group increased their price target on shares of United Bankshares from $49.00 to $50.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of United Bankshares in a report on Friday, October 2nd.

United Bankshares Price Performance

Shares of NASDAQ UBSI opened at $45.88 on Tuesday. The stock has a market cap of $6.25 billion, a PE ratio of 12.50 and a beta of 0.72. United Bankshares has a fifty-two week low of $34.10 and a fifty-two week high of $49.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a fifty day moving average of $47.36 and a 200-day moving average of $45.48.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $323.82 million for the quarter, compared to analyst estimates of $320.07 million. United Bankshares had a return on equity of 9.39% and a net margin of 27.97%. During the same period in the previous year, the company posted $0.85 EPS. Equities research analysts anticipate that United Bankshares will post 3.72 earnings per share for the current year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.52 annualized dividend and a yield of 3.3%. United Bankshares’s payout ratio is currently 41.42%.

Insiders Place Their Bets

In related news, Director Mark Nesselroad sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $46.42, for a total transaction of $148,544.00. Following the sale, the director owned 32,224 shares of the company’s stock, valued at approximately $1,495,838.08. This represents a 9.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.16% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UBSI. Root Financial Partners LLC increased its holdings in shares of United Bankshares by 64.4% in the first quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 308 shares during the period. Allworth Financial LP purchased a new stake in shares of United Bankshares in the second quarter worth $43,000. Nykredit A S purchased a new stake in shares of United Bankshares in the second quarter worth $52,000. Farther Finance Advisors LLC raised its position in shares of United Bankshares by 49.4% in the third quarter. Farther Finance Advisors LLC now owns 1,355 shares of the financial services provider’s stock worth $62,000 after buying an additional 448 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in United Bankshares during the second quarter valued at $68,000. 70.80% of the stock is owned by institutional investors.

About United Bankshares

United Bankshares, Inc is a bank holding company headquartered in Charleston, West Virginia. Through its principal banking subsidiary, United Bank, the company provides community banking services to individuals, businesses and institutions.

United Bank offers a range of financial products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, business loans and lines of credit. Its services also include mortgage banking, treasury management, wealth management, trust and investment services, and insurance-related products.

The company traces its history to 1839 and has expanded through organic growth and bank acquisitions.